Another Strong Personal Income And Spending Report, But Beware The Uptick In Inflation
Personal income and spending has become one of the two most important monthly reports I follow. This is in large part because the big question this year is whether the contractionary effects of Fed tightening have just been delayed until this year, or whether the fact that there have been no rate hikes since last […]
Meta Wants To Keep Investing In AI
Photo Credit: Marco Paköeningrat/Flickr.com Meta (Nasdaq: META), formerly Facebook, announced its quarterly results earlier this week that failed to impress the market. The company’s disappointing outlook coupled with big investment plans for AI sent the stock falling 16% in the afterhours trading session. Meta’s FinancialsMeta’s Q1 revenues grew 27% to $36.46 billion, ahead of the Street’s expected $36.16 billion. […]
Amazon.com Inc. DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Amazon.com Inc (AMZN). ProfileAmazon is a leading online retailer and one of the highest-grossing […]
Analytical Overview Of The Main Currency Pairs – Friday, April 26
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0694 Prev Close: 1.0729 % chg. over the last day: +0.33 % Fears of stagflation pressured the dollar on Thursday after the revised US GDP for the first quarter showed slower-than-expected economic growth and persistent price pressures. In turn, the euro found support after Germany’s […]
Sensex Today Tanks 609 Points; Auto Stocks Drag
After opening the day on a high note, Indian share markets reversed the trend as the session progressed and ended lower.After starting higher on Friday, equity markets had an anti-climatic end today dragged by Bajaj Finance, Bajaj Finserv. Why Indian Share Market is Falling?Indian benchmarks were impacted by the US market which fell after the […]
Elliott Wave Technical Analysis: Microsoft Inc. – Friday, April 26
Image Source: Unsplash MSFT Elliott Wave Analysis Trading Lounge Daily ChartMicrosoft Inc., (MSFT) Daily ChartMSFT Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigzagPOSITION: Intermediate (2)DIRECTION: Bottom in wave A of (2). DETAILS: We are considering a significant top in place with wave (1), and we are now looking for a three wave move correction into wave (2). We seem […]
Gold Recovers Despite Delayed Bets For Fed Rate Cuts
Gold is extending its rebound off the $2300 psychological level!Even so, the precious metal appears to be on the cusp of ending a 5-week winning streak. Gold’s recent rebound suggests that demand for the safe haven asset still offsets the lowered expectations for Fed rate cuts in 2024. From a technical perspective, bullion appears to be guided upwards […]
Meta And Tesla Show Technical Trump Narratives
Meta shares fell almost 20% following a better-than-expected earnings report. The day before, Tesla shares rose 15% despite missing earnings and sales estimates and reporting a massive decline in its free cash flows. The sections below provide more specifics on Meta and Tesla earnings. Their earnings are important for investors, but it is equally critical […]
Fed’s Favorite Inflation Indicator Prints Hotter-Than-Expected As Savings Rate Plunges
With inflation data surprising to the upside recently…Source: Bloomberg…the doves’ last chance for sooner than later rate cuts is today’s Core PCE Deflator – often described as The Fed’s favorite inflation signal. Last month saw an uptick in the headline deflator and following yesterday’s core PCE rise for Q1, all eyes are on the March […]
Is The Hot Inflation Data In Q1 Noise Or Signal?
Yesterday’s first-quarter GDP report delivered a one-two punch for markets: slower-than-expected growth and hotter-than-expected inflation. In reaction, stocks fell and US Treasury yields rose. At first glance, the risk-off response looks reasonable. But a closer look at the GDP numbers still leaves room for debate.Let’s start with the offending data that sent markets into a […]
